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This proceeding involves applications by the Power Authority of the State of New York (PASNY) to transfer its ownership interest in, and operating/maintenance responsibility for, the Indian Point Nuclear Generating Unit No. 3 and the James A. FitzPatrick Nuclear Power Plant to Entergy Nuclear Indian Point 3, LLC (ENIP), or, as applicable, Entergy Nuclear FitzPatrick, LLC (ENF), and, respectively, Entergy Nuclear Operations, Inc. The proceeding is governed by the provisions of 10 CFR Part 2, Subpart M (§§ 2.1300-2.1331).

In its Memorandum and Order dated November 27, 2000, CLI-00-22, 52 NRC 266, the Commission, inter alia, granted the request for hearing of the Citizens Awareness Network (CAN) and the request to participate as a governmental entity of Westchester County. A notice of the granting of the hearing requests, as specified by 10 CFR 2.1308(d)(1), was published in the Federal Register at 65 Fed. Reg. 78,198 (December 14, 2000).

Please take notice that, as set forth in 10 CFR 2.1309, an oral hearing will be held in this proceeding on Tuesday, March 13, 2001, at the Auditorium, White Plains Public Library, 100 Martine Avenue, White Plains, NY 10601, beginning at 9:30 a.m. and extending until 6 p.m. To the extent necessary, the hearing will continue at the same location from 9:30 a.m. to 12 noon on Wednesday, March 14, 2001. Issues to be considered at the hearing are:

1. (Issue 2)—Whether the transfer Applicants' plan for handling decommissioning funds for the FitzPatrick and Indian Point nuclear plants—whereby control of the decommissioning funds will remain with PASNY but responsibility for decommissioning the plants will reside with the Entergy companies—provides reasonable assurance of adequate decommissioning funding, within the meaning of 10 CFR 50.75(b) and 50.75(e)(1)(vi). [See CLI-00-22, 52 NRC at 319.]

2. (Issue 3)—Whether the license transfer applications provide adequate financial assurance for the safe operation of FitzPatrick and Indian Point 3 because the applications do not demonstrate an appropriate margin between anticipated operating costs and revenue projections, and the Entergy applicants do not provide evidence of access to sufficient reserve funding, specifically with respect to the subparts or bases pproved in LBP-00-04 (corrected version dated February 5, 2001), [See LBP-00-04 (corrected version), 53 NRC __, __ (2001) (slip op. at 20).]

Issue 2 (essentially a legal issue) will be the first issue considered, on Tuesday morning, March 13, 2001. CAN will present its position initially, followed by the Licensees and the NRC Staff and rebuttal by CAN. Issue 3 will follow, with the Licensees presenting their witnesses first, followed by CAN and the NRC Staff and rebuttal by the Licensees.

Presiding at the oral hearing will be Administrative Judge Charles Bechhoefer, whose jurisdiction commenced with his designation as Presiding Officer on November 28, 2000, see 65 Fed. Reg. 75,976 (December 5, 2000), and will terminate with his certification of the record to the Commission, following his receipt of the parties' final statements of position. The designated Presiding Officer has no authority to render a final or recommended decision with respect either to the license transfer itself or the issues admitted for hearing. See10 CFR 2.1309(b)(3).

The following filing schedules have been adopted with respect to each issue:

1. Initial Statements of Position and Written Direct Testimony (together with supporting affidavits)